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CITY OF LITTLE CANADA, MINNESOTA
<br />STATEMENT OF NET POSITION
<br />PROPRIETARY FUNDS
<br />DECEMBER 31, 2018
<br />WITH COMPARATIVE TOTALS FOR DECEMBER 31, 2017
<br />
<br />
<br />
<br />See accompanying Notes to Basic Financial Statements.
<br />(33)
<br />
<br />Water Sewer 2018 2017
<br />(601) (602/603) Totals Totals
<br />ASSETS AND DEFERRED OUTFLOWS
<br />OF RESOURCES
<br />CURRENT ASSETS
<br />Cash and Cash Equivalents 636,653$ 845,943$ 1,482,596$ 1,255,307$
<br />Receivables:
<br />General Customers 341,678 417,079 758,757 802,488
<br />Other 5,458 5,295 10,753 9,166
<br />Due from Other Governmental Units:
<br />Certified to County 31,678 26,151 57,829 59,354
<br />Other Assets 2,241 67,425 69,666 75,753
<br />Total Current Assets 1,017,708 1,361,893 2,379,601 2,202,068
<br />CAPITAL ASSETS
<br />Permanent Easements - 103,301 103,301 103,301
<br />Construction 3,965 6,065 10,030 10,030
<br />Equipment 487,718 245,143 732,861 699,474
<br />Mains and Systems 10,851,976 7,675,069 18,527,045 18,508,731
<br />Total 11,343,659 8,029,578 19,373,237 19,321,536
<br />Less: Accumulated Depreciation (6,656,064) (4,607,194) (11,263,258) (10,837,224)
<br />Net Capital Assets 4,687,595 3,422,384 8,109,979 8,484,312
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred Outflows - Pensions 38,499 39,425 77,924 109,058
<br />Total Assets and Deferred Outflows of Resources 5,743,802$ 4,823,702$ 10,567,504$ 10,795,438$
<br />LIABILITIES, DEFERRED INFLOWS
<br />OF RESOURCES, AND NET POSITION
<br />CURRENT LIABILITIES
<br />Accounts Payable 68,763$ 48,164$ 116,927$ 111,634$
<br />Due to Other Governmental Units 4,739 - 4,739 5,333
<br />Compensated Absences Payable 2,615 2,691 5,306 4,863
<br />Total Current Liabilities 76,117 50,855 126,972 121,830
<br />NONCURRENT LIABILITIES
<br />Compensated Absences Payable 27,226 28,048 55,274 75,971
<br />Net Pension Liability 213,223 218,353 431,576 444,428
<br />Total Noncurrent Liabilities 240,449 246,401 486,850 520,399
<br />Total Liabilities 316,566 297,256 613,822 642,229
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred Inflows - Pensions 60,334 61,785 122,119 109,022
<br />NET POSITION
<br />Net Investment in Capital Assets 4,687,595 3,422,384 8,109,979 8,484,312
<br />Unrestricted 679,307 1,042,277 1,721,584 1,559,875
<br />Total Net Position 5,366,902 4,464,661 9,831,563 10,044,187
<br />Total Liabilities, Deferred Inflows of
<br /> Resources, and Net Position 5,743,802$ 4,823,702$ 10,567,504$ 10,795,438$
<br />Business-Type Activities
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